Benzinga - U.S. stock futures traded mixed this morning. Here are some big stocks recording losses in today’s pre-market trading session.
- First Republic Bank (NYSE: FRC) shares dipped 54.7% to $37.01 in pre-market after the bank announced Sunday, that it enhanced its financial position through access to additional liquidity from the Fed and JPMorgan.
- PacWest Bancorp (NASDAQ: PACW) dropped 42.7% to $7.07 in pre-market trading after declining 38% on Friday.
- Zions Bancorporation, National Association (NASDAQ: ZION) fell 14.5% to $34.51 in pre-market trading.
- The Charles Schwab Corporation (NYSE: SCHW) dropped 14.2% to $50.37 in pre-market trading. Citigroup upgraded Charles Schwab from Neutral to Buy and lowered the price target from $83 to $75.
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- Customers Bancorp, Inc. (NYSE: CUBI) fell 12.5% to $20.00 in pre-market trading.
- Western Alliance Bancorporation (NYSE: WAL) shares fell 12.4% to $43.20 in pre-market trading after dipping more than 20% on Friday.
- Hercules Capital, Inc. (NYSE: HTGC) fell 9% to $11.19 in pre-market trading. Keefe, Bruyette & Woods downgraded Hercules Capital from Market Perform to Underperform and lowered the price target from $14.5 to $10.5.
- ING Groep N.V. (NYSE: ING) fell 5.5% to $12.26 in pre-market trading.
- KeyCorp (NYSE: KEY) dropped 5% to $14.88 in pre-market trading.
- Credit Suisse Group AG (NYSE: CS) fell 4.9% to $2.53 in pre-market trading. Credit Suisse recently announced that it will delay the publication of its 2022 Annual Report.
- Bank of America Corporation (NYSE: BAC) dropped 3.7% to $29.15 in pre-market trading.
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